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We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma
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what is the Theory of second best? Prove the theorem with the help of digram
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50 and each pencil costs $0.10. She is thinking about buying 6 pens and 20 pencils. The last pen would add five time
What are the properties of cost function? Properties of Cost Functions: Some similarities are here with consumer theory. Such similarities are actually exact while one compa
WHAT ARE ROLE AND ASUMPTIONS OF ECONOMIC THEORIES
concept of innovation theory of profit and criticism
The goal of sustainability requires that we address what three questions? The goal of sustainability needs that we address whether economic activities are financially sustainab
relationship between tfc , tvc , tc
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